Part of the launch has revealed iPhone 5 pricing on two year terms, which have come in at $199, $299 and $399 for 16GB, 32GB and 64GB models. This means TELUS has matched USA carrier pricing on two year iPhone 5 terms. Check it out below:

As users select their new iPhone 5, they can also choose from the new revamped TELUS nationwide plans, which starts at $55 per month, plus a select data plan which starts at $15/month for 250MB up to $75/month for 6GB data (don’t forget AppleCare if you really need it):

We had previously asked TELUS about their two year term pricing strategy and this is what they said:

…what we can say at this point is that we took into account that customers do prefer the low upfront cost of a device, so with that in mind device pricing will only change moderately.

Canadians have long awaited parity when it comes to subsidized two-year pricing on iPhones and it has finally come from TELUS (Bell previously announced $199 pricing but it hasn’t gone live yet). But of course, you’ll have to stick to one of the new voice and data plans. Thoughts?

Update: TELUS has also launched new Lite plans for customers ranging from $35-$55 per month: